Kevin Costner trims his asking price for ocean bluff property in Carpinteria - Los Angeles Times
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Kevin Costner trims his asking price for ocean bluff property in Carpinteria

Oscar-winning actor reduces beachfront acreage to $55 million.

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What price can you put on a dream? For Academy Award-winning actor Kevin Costner, the dollar figure just dropped from $60 million to $55 million. That’s what he’s now asking for his 10-acre oceanfront spread in Carpinteria.

Costner purchased the freeway-close acreage about a decade ago with the vision of building his forever home there, but his plans have changed.

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Set behind fences secured by cameras, the gently rolling bluff was once a polo field. It features 500 feet of oceanfront, a path to the beach and panoramic Pacific views. The Santa Barbara Mountains and islands are also visible from the equestrian property.

The actor has used the site for sports, a wedding and family enjoyment.

Costner, 62, won best picture and best director Oscars for “Dancing With Wolves†(1990). This year he appeared in “Hidden Figures.â€

Public records show the property changed hands in 2006 for $28.5 million.

Cathy Titus and Eric Wilde of Coldwell Banker Property Shoppe and Tim Hoctor of T.E. Hoctor & Co. are the listing agents.

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